Utila, a platform for institutional digital asset operations, has secured a $22 million extension to its Series A funding round. This brings the total Series A to $40 million and has nearly tripled the company’s valuation in just six months.

The capital injection highlights a significant trend in the market: the growing need for robust, institutional-grade infrastructure to manage stablecoins and other digital assets. As more institutions enter the space, the demand for secure, enterprise-level platforms for custody, treasury management, and complex workflows has intensified.

This funding signals a maturation of the digital asset market. Investors are increasingly backing infrastructure providers that enable safe and efficient participation from institutional players, who view stablecoins as a key component of future financial systems.